Virtual Evolved Packet Core Market Trends

Growth Drivers

• Expansion in the Mobile Network Data Traffic – The main factor behind the growth of mobile data traffic is the rising penetration of smartphones and the easy and cost-friendly availability of data among the population. For instance, according to GSMA Intelligence, smartphone penetration is expected to rise from 65% in 2021, to 80% by the end of 2025. The virtual evolved packet core helps in managing data traffic effectively, therefore reducing the network congestion problem, and improving service quality at the same time optimizing resource use.

• Opportunities for MNOs to Participate in the Rise of IoT – The virtual evolved packet core helps the MNOs by giving them the ability to customize the network as per the choice of an individual customer, client, or sector. This ability of MNOs plays a significant role in the rise of IoT.

• Increasing demand for high-quality mobile services and rise in LTE consumers – The Lishui Municipal Emergency Management Bureau is using private 5G slicing over China’s mobile network, portable cell sites, and rapidly deployable communication vehicles as a part of disaster management and visualization system.

• The ongoing development of vEPC (Virtual Evolved Packet Core) framework with 5G networking – The demand for a faster network all across the globe is rising. This gave rise to 5G network which is way faster than 4G and also enables the provisioning of the network on demand.

Challenges

• Growing Security Concerns – 4G network is connected with an industrial network such as medicine, factories, automobiles, etc, and is also associated with old user networks such as 2G, and 3G. This in turn creates a network connection structure consisting of complex heterogeneous networks whose main powerhouse is the 4G network. This can lead to weak leakage from the network and can later lead to security problems.
• The reluctance of transitioning from legacy networking infrastructure to virtualized networking
• The lack of awareness and resources to switch over to virtualization